Briggs & Stratton Co. (NYSE:BGG) Expected to Post Quarterly Sales of $454.23 Million

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Wall Street analysts forecast that Briggs & Stratton Co. (NYSE:BGG) will announce sales of $454.23 million for the current quarter, Zacks reports. Three analysts have issued estimates for Briggs & Stratton’s earnings. The lowest sales estimate is $453.00 million and the highest is $454.90 million. Briggs & Stratton reported sales of $505.46 million during the same quarter last year, which indicates a negative year-over-year growth rate of 10.1%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, January 22nd.

According to Zacks, analysts expect that Briggs & Stratton will report full-year sales of $1.90 billion for the current fiscal year. For the next fiscal year, analysts forecast that the firm will post sales of $1.96 billion, with estimates ranging from $1.96 billion to $1.97 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Briggs & Stratton.

Briggs & Stratton (NYSE:BGG) last announced its quarterly earnings results on Friday, November 1st. The industrial products company reported ($0.67) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.73) by $0.06. The business had revenue of $313.70 million for the quarter, compared to analyst estimates of $291.14 million. Briggs & Stratton had a negative net margin of 2.50% and a negative return on equity of 4.18%. The company’s revenue was up 12.4% on a year-over-year basis. During the same quarter last year, the firm earned ($0.51) EPS.

Several equities research analysts have recently commented on the stock. ValuEngine raised shares of Briggs & Stratton from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 5th. Zacks Investment Research raised shares of Briggs & Stratton from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 22nd. Finally, TheStreet cut shares of Briggs & Stratton from a “c-” rating to a “d” rating in a research report on Thursday, August 15th.

In other news, VP Jeffrey Michael Zeiler bought 15,112 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was acquired at an average cost of $6.31 per share, with a total value of $95,356.72. Following the completion of the acquisition, the vice president now owns 90,195 shares of the company’s stock, valued at $569,130.45. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 7.60% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of BGG. Acadian Asset Management LLC bought a new stake in shares of Briggs & Stratton in the second quarter worth approximately $41,000. Public Employees Retirement System of Ohio grew its stake in shares of Briggs & Stratton by 53.8% in the third quarter. Public Employees Retirement System of Ohio now owns 11,427 shares of the industrial products company’s stock worth $69,000 after acquiring an additional 3,996 shares during the period. Bank of Montreal Can grew its stake in shares of Briggs & Stratton by 68.0% in the second quarter. Bank of Montreal Can now owns 8,223 shares of the industrial products company’s stock worth $84,000 after acquiring an additional 3,329 shares during the period. Glen Harbor Capital Management LLC grew its stake in shares of Briggs & Stratton by 14.4% in the second quarter. Glen Harbor Capital Management LLC now owns 10,268 shares of the industrial products company’s stock worth $105,000 after acquiring an additional 1,292 shares during the period. Finally, SG Americas Securities LLC bought a new stake in shares of Briggs & Stratton in the third quarter worth approximately $105,000. 85.84% of the stock is owned by institutional investors and hedge funds.

Briggs & Stratton stock traded down $0.14 during trading hours on Thursday, reaching $5.08. The stock had a trading volume of 1,118,534 shares, compared to its average volume of 584,685. The stock has a market cap of $222.61 million, a PE ratio of -15.88 and a beta of 1.18. Briggs & Stratton has a 52 week low of $3.96 and a 52 week high of $14.51. The company has a debt-to-equity ratio of 1.58, a current ratio of 2.28 and a quick ratio of 0.72. The company has a fifty day simple moving average of $6.46 and a 200-day simple moving average of $7.46.

About Briggs & Stratton

Briggs & Stratton Corporation designs, manufactures, markets, sells, and services gasoline engines for outdoor power equipment to the original equipment manufacturers in the United States. It operates in two segments, Engines and Products. The Engines segment offers four-cycle aluminum alloy gasoline engines that are used primarily by the lawn and garden equipment industry.

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Earnings History and Estimates for Briggs & Stratton (NYSE:BGG)

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